Author: Press Room

Fertility rates are declining worldwide. Yes, there are nations where there are still far more children than the replacement rate of at least 2.1 children per woman. But industrialized economies are all well below replacement level. United States Census data indicates that the percentage of women between ages 30 and 44 who have never had children is at a record high since 1960 contributing to the nation’s fertility rate of 1.8 children per woman — notably below the population replacement rate of 2.1. The United States is a virtual day care center compared to many other nations. Statistics Canada reports…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.990% as of July 1, which is 0.115 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is unchanged from Friday.  With mortgage rates changing daily, it’s a good idea to check today’s…

A growing number of Californians are struggling to pay their credit card bills as they continue to battle steep interest rates and high inflation. New findings published by WalletHub, a personal finance platform, show that several California cities are leading the nation in an uptick in credit card delinquencies. Chula Vista – a San Diego suburb with a population of about 279,000 – saw the biggest increase in credit card delinquencies, which surged nearly 85% during the first quarter of 2024 compared to a year earlier. The city edged out Madison, Wisconsin, and Garland, Texas, for the No. 1 spot. The…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. New highs (again): The market is extending its recent win streak, with the S & P 500 and Nasdaq rallying for the seventh session in a row. The gains picked up steam in the late morning to early afternoon as Federal Reserve Chair Jerome Powell answered questions from the House Financial Services Committee. Once again, Powell said a lot of the right things, acknowledging how the central bank now must balance…

Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in artificial intelligence. Intuit said it plans to rehire 1,800 people for engineering, product and consumer-focused roles. LegalZoom.com — Shares plummeted more than 25% after the legal tech company announced the departure of CEO Dan Wernikoff and slashed its full-year revenue outlook. Chairman Jeffrey Stibel has been named as the company’s new CEO, effective immediately. In terms of revenue, LegalZoom now…

Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District Judge Trina Thompson in San Francisco ruled on Tuesday that the federal Employee Retirement Income Security Act governing benefit plans did not cover the former employees’ claims, and therefore she lacked jurisdiction. Lawyers for the plaintiffs did not immediately respond to requests for comment on Wednesday. Musk’s lawyers did not immediately respond to similar requests. The case is one of many accusing…

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[Historical changes in the bank regulatory landscape have transformed the bond market, introducing new dynamics and opportunities that remain underexplored by many investors and bond indices. With banks no longer the primary lenders to large segments of the American economy, other lenders have emerged to fill this void. This transformation introduced significant complexity, prompting the need for enhanced due diligence and security selection criteria. To delve deeper into these less familiar aspects of the evolving bond market and to navigate their complexities effectively, we consulted Institute members Nolan Anderson and Thomas Carney of Omaha, Nebraska-based Weitz Investment Management and co-Portfolio…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s first new heavy-lift rocket in almost 30 years soared into space on Tuesday, promising an end to a crisis over the region’s ability to deploy its own satellites into orbit.Ariane 6, four years late and heavily subsidised to ensure it can compete against Elon Musk’s SpaceX, lifted off under clear skies from its launch pad near Kourou in French Guiana at about 4pm local time. The mission was judged a success by the European Space Agency which oversees the Ariane programme, despite…